Solana is experiencing one of the toughest moments of the year. The price of SOL dropped to as low as $119, its lowest since late April. Its price is down more than 50% from its highest point in the year, erasing value in the billions of dollars, even as its usage statistics remain strong.
However, this price vs performance divide has left investors unsettled and a new wave of questions is arising as to what the best crypto to invest in is, especially in a market where Solana’s technological prospects are dwindling as traders turn to a new crypto that is growing in popularity but is only valued at $0.04.
Solana Strength That Is Not Saving The Price
Solana is still amongst the most used blockchain in the cryptocurrency world, although the SOL token still keeps declining in price. Solana blockchain outperforms other blockchains in terms of usage, boasting 98 million active monthly users alone, outstripping BNB Chain and Ethereum. Solana has processed over 34 billion transactions within the past 12 months alone, outperforming other leading blockchains. Transaction costs have also skyrocketed to $728 million, which was primarily fueled by the demand for meme coins. Volume in the DEX market also reached $1.6 trillion.
Yet, this level of interest in ETFs has not slowed the decline either. The SOL ETFs saw $66.5 million of new investment last week, which has caused total assets to approach $946 million for the eighth consecutive week of investment. In theory, this looks like robust performance. However, in the chart, there are more questionable trends. The price of SOL declined from $252 in September to around $126 today. A death cross occurred in November, and there are now bearish flags indicating a potential move towards $95. This raises a very simple question for many institutional investors regarding what crypto to purchase for the coming stability.
Mutuum Finance Attracts Experienced Investors At Sub-$0.05 Level
While Solana wrestles with its issues, all attention seems to be focusing on Mutuum Finance (MUTM), a defi crypto currently in presale and offered at less than $0.05. MUTM has currently reached Phase 7, and this phase is selling out quickly. The existing rate currently stands at $0.04, and this will be the final rate before Phase 8 kicks in at $0.045, a staggering 20% difference. Since Phase 1, the price has appreciated by an impressive 300%, increasing from $0.01 to its current rate.
Thus far, the total funds raised are $19,500,000, and the total number of MUTM holders now stands at 18570. To many, this indicates the potential for the best inexpensive cryptocurrencies to buy now. The launch price for the MUTM token stands at $0.06, and buyers are betting on an expected price hike to 350% after the launch, putting the token firmly as one of the best cryptos to buy today. Additionally, the current stage, stage 7, is filling up fast, after which the buying opportunity will expire.
Beyond pricing, Mutuum Finance is establishing trust in the market by making continuous progress. The Mutuum Finance lending and borrowing smart contracts are being reviewed by Halborn Security in an independent audit. This is an important development for potential investors looking for the best cryptocurrency in which to invest with lower risk.
Another factor that brings veterans to notice is community activity. Mutuum has recently set up a leaderboard with a top 50 holders list. The leaderboard provides a 24-hour reward to its top user with a MUTM bonus worth $500 if at least one transaction takes place within that time period. The leaderboard resets at 00:00 UTC every day.
The crisis that Solana is facing reveals that sentiment can shift rapidly, even for well-established networks. With the weakness that continues in prices, many investors are now considering alternative cryptocurrencies to buy and looking at projects that exist earlier and offer greater potential. As a rapidly moving presale project that is also gaining popularity, Mutuum Finance is now considered the best crypto to buy today
For more information about Mutuum Finance (MUTM) visit the links below:
Website: https://mutuum.com/
Linktree: https://linktr.ee/mutuumfinance
Source: https://www.cryptopolitan.com/crypto-news-today-solana-sol-crisis-deepens-as-veterans-endorse-this-0-04-tokens-potential/
